Work Place Inequality - From Top to Bottom, Companies Still Not Hiring Women
A new report from the Los Angeles Business Examiner reveals that corporations are seeing less and less women in boardrooms than ever before. New studies published show that about 10% of executives are women. The study cited in this report shows that the demographic of these companies generally reflect the boardroom. This is based on about 400 companies in California only.
The ranks of women in corporate executive suites and board rooms remain thin, even as research shows that companies with more women at the top perform better financially and might be more socially responsible.
That’s according to a study of California women business leaders released Thursday by the Graduate School of Management at the University of California Davis.
Women hold only about one out of every 10 top management and board positions — precisely 10.6 percent — in California’s largest 400 firms, according to the fifth annual Study of California Women Business Leaders. That ratio has remained pretty consistent over the five years that the Graduate School has been studying the issue.
The study also shows great gender parity between occupations. Technology is still male dominated with the least amount of women executives and customer service industries have the highest number. Although the study shows a great deal of informative data, it is still unclear why institutions and corporations are heavily gendered.
“Our findings paint a disappointing picture of corporate gender equity in California, the world’s eighth-largest economy,” Steven Currall, dean of the Graduate School of Management, said in the release. “When we released our study each of the past four years, it was met with intense interest by the business community, state legislators, policymakers and the media. Yet, overall, little has changed.”
With an allusion by the study's author to media coverage and the business community in California, one may assume a portion of the blame for the lack of gender equity or at least progress towards gender equity, can be placed upon these institutions.
Although California is not representative of our whole country, its large size, diverse population, massive economy and world-wide status make it a typical place for social change to occur. Unfortunately, this study reveals that social change is still very hard to come by.